Zinc Work Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 10961635

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		69,928		43,147

			69,928		43,147
CURRENT ASSETS
Debtors	5	1,173,179		574,331
Cash at bank and in hand		3,343,812		4,590,493

		4,516,991		5,164,824
Creditors: Amounts Falling Due Within One Year	6	(1,262,072 )		(105,702 )

NET CURRENT ASSETS (LIABILITIES)			3,254,919		5,059,122

TOTAL ASSETS LESS CURRENT LIABILITIES			3,324,847		5,102,269

NET ASSETS			3,324,847		5,102,269

CAPITAL AND RESERVES
Share premium account			6,167,912		6,167,912
Profit and Loss Account			(2,843,065 )		(1,065,643 )

SHAREHOLDERS' FUNDS			3,324,847		5,102,269

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Luke Shipley

Director

29/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Zinc Work Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10961635 . The registered office is Eastcastle House, 27-28 Eastcastle Street, London, W1W 8DH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% Straight Line

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 58 (2023: 33)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 October 2023	59,278
Additions	53,263

As at 30 September 2024	112,541

Depreciation
As at 1 October 2023	16,131
Provided during the period	26,482

As at 30 September 2024	42,613

Net Book Value
As at 30 September 2024	69,928

As at 1 October 2023	43,147

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Page 3

Zinc Work Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,099,649	460,953
Prepayments and accrued income	-	89,578
Other debtors	73,530	3,816
Other debtors (1)	-	19,984

	1,173,179	574,331

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	484,321	217
Other taxes and social security	114,487	-
VAT	178,643	76,178
Net wages	259,900	-
Other creditors (8)	158,584	-
Pension Liabilities (Current liabilities - creditors < 1 year)	43,847	7,017
Director's loan account	22,290	22,290

	1,262,072	105,702

7. Share Capital

	2024		2023
	£		£

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